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nvs4fun
New Member

I sold and bought a house this year

I sold a house in Feb and with the proceeds brought a primary home in July? How do I file both of them?
Thanks,
N
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PatriciaV
Employee Tax Expert

I sold and bought a house this year

In general, the sale of your home and the purchase of another are not reported on your tax return.

If this was your primary residence for two of the last five years and you haven't sold a home in the last two years, the sale of your home may not be taxable or reportable.

Read more about this below:
https://ttlc.intuit.com/replies/3300213 

As you may know, homeowners receive special tax breaks, which you may claim for both homes. These are entered under Federal Taxes >> Deductions & Credits >> Your Home.

Here are the most common tax breaks available for homeowners:
https://ttlc.intuit.com/replies/4848471

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
PatriciaV
Employee Tax Expert

I sold and bought a house this year

In general, the sale of your home and the purchase of another are not reported on your tax return.

If this was your primary residence for two of the last five years and you haven't sold a home in the last two years, the sale of your home may not be taxable or reportable.

Read more about this below:
https://ttlc.intuit.com/replies/3300213 

As you may know, homeowners receive special tax breaks, which you may claim for both homes. These are entered under Federal Taxes >> Deductions & Credits >> Your Home.

Here are the most common tax breaks available for homeowners:
https://ttlc.intuit.com/replies/4848471

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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